Current Issues in Credit Unions #45.

  We have a new logo and a new co-host!  Anthony Demangone joins the crew permanently starting this month!  Anthony along with Faith, Brian, Hal and Rob discuss the following: –Reg Z final rule and other miscellany like floor rates on credit cards. –Reg E and overdraft services tips from Brian –Funds availability in the…

Breaking Into New Markets With Old Habits

Today’s blog comes courtesy of Denise Wymore, owner of consulting service for cooperatives, Denise Wymore, LLC. Breaking Into New Markets With Old Habits By: Denise Wymore You know that old joke about the two shoe salesmen who travel to a primitive village to check out a new market? One salesman comes back dejected and says…

Avoiding Preference Risk

The following is an article reprinted with permission from the upcoming Winter 2010 edition of trendline (WWR’s bankruptcy newsletter):  Avoiding Preference Risk By: Kevin C. Susman, Associate Creditors doing business with entities they suspect are on the verge of filing for bankruptcy protection need to be aware that they may be required to return the payments received…

Federal Rules of Bankruptcy Procedure Amended December 1, 2009

The following is an article reprinted with permission from the upcoming Winter 2010 edition of trendline (WWR’s bankruptcy newsletter):  Federal Rules of Bankruptcy Procedure Amended December 1, 2009 By: Holly C. Thurman, Associate The Federal Rules of Bankruptcy Procedure were amended effective December 1, 2009.  Throughout the rules, the deadlines and time periods that have been amended…

Recent Updates to Regulation Z

The following is an article reprinted with permission from the upcoming Winter 2010 edition of The WWR Letter:  Recent Updates to Regulation Z By: V. Kelly Mulholland, Associate Recently, amendments to Regulation Z, the implementing regulation for the Truth-in-Lending Act (“TILA”) and the Home Ownership and Equity Protection Act (“HOEPA”), became effective. The amendments added a new…

New HOEPA Rule

The following is an article reprinted with permission from the upcoming Winter 2010 edition of The WWR Letter:  New HOEPA Rule By: David A. Wolfe, Associate In 1994, Congress enacted the Home Ownership and Equity Protection Act (“HOEPA”), responding to allegations of abusive lending practices in the home-equity lending market. HOEPA applies to closed-end loans on owner-occupied…

The Credit CARD Technical Corrections Act of 2009: A Victory for Credit Unions

The following is an article reprinted with permission from the upcoming Winter 2010 edition of The WWR Letter:  The Credit CARD Technical Corrections Act of 2009: A Victory for Credit Unions By: Hannah F. G. Singerman, Associate With much fanfare, President Obama signed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (“Act”) into law on…